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Jan 22, 2013
01/13
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this is despite the price target cut by ubs and steve. he sounded the caution on apple. citing supply checks a long time ago, but didn't take the price target down until today. citing a story by customer intelligence showing customers are buying older iphones with less memory, which could continue to pressure margins. he's cutting 2013 eps 25%. really, reflective of what has gone on on wall street so far in the past couple of weeks, as there's sort of this steady stream of, i don't know, reality recognition. >> i think apple's fine. no one wants to hear it's fine. they want to put every single chip on apple or bet against apple. sometimes stocks are just fine. >> tell you what would have been good to put chips on at the beginning of the year, travelers. up more than 4%. one of the best performing dow components of the year. people never know what to say about it. even the wires can't really give you the color, because it's a difficult one to understand sometimes. >> storms are good. storms raise your premiums. have you tried to look at flood insurance, how much it's gone
this is despite the price target cut by ubs and steve. he sounded the caution on apple. citing supply checks a long time ago, but didn't take the price target down until today. citing a story by customer intelligence showing customers are buying older iphones with less memory, which could continue to pressure margins. he's cutting 2013 eps 25%. really, reflective of what has gone on on wall street so far in the past couple of weeks, as there's sort of this steady stream of, i don't know,...
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Jan 22, 2013
01/13
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. >> steve, thank you very much for joining us. >> my great pleasure. thank you. >> 47 million in 2012. he stays in california, tax bill is $29 million. so if he moved to florida, he would save $6.25 million. >> the tax bill is 29 million? >> 29 million out of 47. that's not bad. that's pretty good. but he could move to florida and keep half, basically keep half instead of keeping 18 out of 47. >> for a guy who is on the road a lot of the time. >> and then the asteroid thing, i saw what al rockier was able to -- he got a lot of mileage out of that story. >> so are you about to make a confession? >> it's not really true. today i'm feeling fine. coming up, i'm going to start being more open. >> more open? i know everything about you. >> to viewers. >> our viewers know just about everything, too. >> if i feel like i have to burp, i am going to -- >> you are not a closed book. >> could you be more open than al roker about something? >> probably not. >> probably not. so every little thing happens to me. >> oh, boy, viewers, look out. >> anyway, if you've eve
. >> steve, thank you very much for joining us. >> my great pleasure. thank you. >> 47 million in 2012. he stays in california, tax bill is $29 million. so if he moved to florida, he would save $6.25 million. >> the tax bill is 29 million? >> 29 million out of 47. that's not bad. that's pretty good. but he could move to florida and keep half, basically keep half instead of keeping 18 out of 47. >> for a guy who is on the road a lot of the time. >> and...
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Jan 22, 2013
01/13
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dagen: steve, great to speak with you. take care. connell: we brought in chief market strategist from america financial and. the question today is can this continue, david? >> i do not think it will continue at that case. you have the federal reserve doing everything in its power to make sure that this economy stays on track. that is number one. number two is inflation is well behaved. you also have corporations that have deleveraged their balance sheets. and you now have the consumer coming back as well. when you add all of this together, the improvement in the energy sector, foreign economy starting to do a little bit better, i think the stock market do well in the second term. just not as good as the first. connell: what if they mess it up again in washington? we will go into another round of negotiations, maybe we won't, on the debt ceiling. maybe we go over one of them. you have to take that into account. how does that change your odds taking capability as you look at the markets? >> you do have to take it into account. no quest
dagen: steve, great to speak with you. take care. connell: we brought in chief market strategist from america financial and. the question today is can this continue, david? >> i do not think it will continue at that case. you have the federal reserve doing everything in its power to make sure that this economy stays on track. that is number one. number two is inflation is well behaved. you also have corporations that have deleveraged their balance sheets. and you now have the consumer...
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Jan 22, 2013
01/13
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>> steve: very nice! more kids would play stringed instruments if they could do that in school. >> gretchen: as my son would say, that was sick! that was amazing. i love it. >> steve: their new album is available everywhere, right? >> everywhere. >> brian: if everyone buys it, you can get real cellos, because these have no bodies. they need some help. >> gretchen: you are fantastic. >> steve: thank you very much. >> gretchen: coming up, forget everything you heard about the food. why healthy things like asparagus and oatmeal are really devils in disguise. we'll reveal it coming up. you you you you so, we all set? i've got two tickets to paradise! pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico sure are happy. and how happy are they jimmy? happier than eddie money running a travel agency. get happy. get geico. fiftee
>> steve: very nice! more kids would play stringed instruments if they could do that in school. >> gretchen: as my son would say, that was sick! that was amazing. i love it. >> steve: their new album is available everywhere, right? >> everywhere. >> brian: if everyone buys it, you can get real cellos, because these have no bodies. they need some help. >> gretchen: you are fantastic. >> steve: thank you very much. >> gretchen: coming up, forget...
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Jan 22, 2013
01/13
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so steve may be right. may need more -- you may need a beaten race. >> doc, you have a read on what grasso is talking about on the floor here? >> yeah, but i like the underperformer in the group, norfolk southern nse. that's one pete has been talking about lately. over the last three months. kansas city is up about 16, 17% like grasso said. but this one is pretty flat over the last three months. i like it to play catch-up and top see a little rotation out of one end of the cheaper one. >> all right. let's do the biggest pops and drops in midday trading. our first pop is for western dij. >> 4 1/2 highs, judge. it has already traded full session volume today. people continue to like the storage space. i'm one of those people. i like stx as well as wdc. >> murph? cat dropping today. >> caterpillar did kind of a sneaky move. late friday they announced an acquisition they made in china had some bad accounting. i think this works fine. it's a small deal for them. caterpillar is fine. >> j.b. give me the take on n
so steve may be right. may need more -- you may need a beaten race. >> doc, you have a read on what grasso is talking about on the floor here? >> yeah, but i like the underperformer in the group, norfolk southern nse. that's one pete has been talking about lately. over the last three months. kansas city is up about 16, 17% like grasso said. but this one is pretty flat over the last three months. i like it to play catch-up and top see a little rotation out of one end of the cheaper...
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Jan 22, 2013
01/13
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. >> and i am brian flores in for dave clark, let's look at weather with steve. >>> it's still not too bad, we had a long stretch of some good weather, kind of hazy sunshine and higher clouds will not get here until later tonight. maybe some rain tomorrow and today hazy sunshine and 60s, here is sal. >>> good morning, highway 4, traffic here looks slower as you come over the willow pass grade, and also the morning commute is looking good on the san mateo. all that and more minutes ahead, now let's go back to the desk. >>> a manhunt in oakland for two suspects who shot and wounded a police officer. s.w.a.t. teams are on the scene where the shooting happened shortly before 6:30. ktvu channel 2 morning news alex savage is at the scene and tells us what led up to the shooting. >> reporter: these men apparently confronted an undercover police officer and one of them opened fire on that officer. they continue to search for those two other armed men who escaped and as you can see the neighborhood remains closed. the s.w.a.t. team is out here still but we do get the since the search is winding
. >> and i am brian flores in for dave clark, let's look at weather with steve. >>> it's still not too bad, we had a long stretch of some good weather, kind of hazy sunshine and higher clouds will not get here until later tonight. maybe some rain tomorrow and today hazy sunshine and 60s, here is sal. >>> good morning, highway 4, traffic here looks slower as you come over the willow pass grade, and also the morning commute is looking good on the san mateo. all that and...
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Jan 22, 2013
01/13
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sick and tired of the congressional gridlock steve cohen of memphis introduced a bill this week which would require states to use independent redistricting commissions in drawing those maps. here we in to talk about his bill and what he expects during president obama's second term, is congressman steve cohen. welcome to "the war room"." >> thank you good to be with you. >> michael: do you think they would or could pass this bill. >> whether they would is doubtful but it's an important bill because we have gridlock and the reason for that is too many districts are concerned about the primary and the far right and far left and they don't have to work with the whole community or the center, because of the partisan redistricting which we have in most states are drawn up just to suit their people or make them overwhelmingly ohio. ohio went for the president. ohio went to sherrod brown but yet 12 of the 16 districts drawn up by the ohio legislature were republican. that's not right. it does not reflect the will of the people. it reflects the lines they've drawn. it makes it that those the r
sick and tired of the congressional gridlock steve cohen of memphis introduced a bill this week which would require states to use independent redistricting commissions in drawing those maps. here we in to talk about his bill and what he expects during president obama's second term, is congressman steve cohen. welcome to "the war room"." >> thank you good to be with you. >> michael: do you think they would or could pass this bill. >> whether they would is...
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Jan 22, 2013
01/13
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a forecast microsoft executive says that steve ballmer is not the right leader for the company microsoft at $27 a share this morning. verizon posts a 1.9 billion dollar loss and verizon posts on pension costs and sandy, why it's down, but the dow industrials dead flat. 3 points lower this hour. you might have guessed the mainstream media fawning all over president obama's inauguration speech. here is the question, will anyone question his policies, will any of the establishment media break ranks? that's next. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everi'm with scottrade. me. (announcer) scottrade. awarded five-stars from smartmoney magazine. >> you know, i find this very interesting, the dow jones average is down just 9 points, 10 points, that's all we've got. and the dow by the way shall the mark
a forecast microsoft executive says that steve ballmer is not the right leader for the company microsoft at $27 a share this morning. verizon posts a 1.9 billion dollar loss and verizon posts on pension costs and sandy, why it's down, but the dow industrials dead flat. 3 points lower this hour. you might have guessed the mainstream media fawning all over president obama's inauguration speech. here is the question, will anyone question his policies, will any of the establishment media break...
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Jan 22, 2013
01/13
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carol roth author of "the entrepreneur equation" and steve saks and michael from janney montgomery smith. good to have you here. let me start with you, scott. what do you think about this move? are we going to get more of this? is this just the beginning, or are we in for pullbacks considering what could be coming to washington the next couple of months? >> i think pullbacks are norm a. let's face it, the last couple of months have been a big party. ben bernanke invited us and i don't think the punch bowl goes away. >> the fed is the key issue right now. does that trump the fundamentals, all the earnings we're getting, you pay more attention to the fed? >> you think we have low growth and quite frankly investors are starved for air. they have been holding their breath for four years. there is no oxygen in any other market. there's no place to go for yield. therefore, essentially i think ben is terroristing it to the point to where they got to jump into risk assets and that's what we're seeing. >> david, does that make you bullish as well? >> david? >> we do have a david as well. david st
carol roth author of "the entrepreneur equation" and steve saks and michael from janney montgomery smith. good to have you here. let me start with you, scott. what do you think about this move? are we going to get more of this? is this just the beginning, or are we in for pullbacks considering what could be coming to washington the next couple of months? >> i think pullbacks are norm a. let's face it, the last couple of months have been a big party. ben bernanke invited us and i...
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Jan 22, 2013
01/13
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steve tell us, you're out there in the cold, buddy. tell us how it is going there and what we expect inside where you would like to be. >> that would be nice. a very cold morning here at washington's national cathedral. about 20 degrees out here. we expect the president and the vice president at 10:30, for this service which is a tradition to wrap up inaugural events here in washington. we, it is an interfaith service and a lot of dignitaries will be here. now of course the national cathedral, a landmark in the nation's capitol. this event goes all the way back to george washington and we'll be repeated today. just sort of cap off the inaugural events that have been going on for the past several days here in washington. now, this cathedral of course was damaged in 2011. suffered severe damage. could take about 10 years to get it back again. it will cost millions of dollars to do that. so that service getting underway at 10:30 this morning. we'll keep an eye on it for you. martha: you're talking a little bit, steve, about the historic n
steve tell us, you're out there in the cold, buddy. tell us how it is going there and what we expect inside where you would like to be. >> that would be nice. a very cold morning here at washington's national cathedral. about 20 degrees out here. we expect the president and the vice president at 10:30, for this service which is a tradition to wrap up inaugural events here in washington. we, it is an interfaith service and a lot of dignitaries will be here. now of course the national...
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Jan 22, 2013
01/13
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that it's what steve jobs did, a visionary inventor. it's rough to say, cook, you should be like jobs. he's a different person, by all indications. the apple television is what we hear about, still very much in humor phase, that could be the next best hit. >> that's really what apple needs to bring it up is give us something we've never seen before. >> i think so. that's harder now because technology has come so far, there's a lot of great players in the game. it's not as easy as it was to wow the world with something we've never imagined. >> more competition now. >> because they have all learned from apple, give them credit for that. >> brian, thanks so much. remember, you can find more of brian cooley's segments on our website, cbssf.com/mornings. thank you. >>> hundreds of blockbuster stores are about to be closed across the country. here is jason brooks. >> dish said it's going to close 300 more blockbusters this year, a loss of 3,000 jobs. dish closed 500 blockbusters last year, after buying the then bankrupt company for $320 milli
that it's what steve jobs did, a visionary inventor. it's rough to say, cook, you should be like jobs. he's a different person, by all indications. the apple television is what we hear about, still very much in humor phase, that could be the next best hit. >> that's really what apple needs to bring it up is give us something we've never seen before. >> i think so. that's harder now because technology has come so far, there's a lot of great players in the game. it's not as easy as it...
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Jan 22, 2013
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steve jobs under pixar. the avengers and now santa george luke is fatal "star wars" franchise. and look at robert iger's full seven-year reign. shareholder returns up almost 140% and his tenure at the top compared to 36% return for the s&p. ashley: i don't care if somebody makes the big bucks, they have to deliver and clearly he is delivering. i will increase stock price to 140% over the next seven years, whatever it is. dennis: 24% of his package is in stock. now we're getting upset when their paid loons with a rising stock. probably the best collection of single brand entertainment assets in the world. ashley: thank you so much. tracy: we will give up our paychecks to make our children happy, and he knows it. a quarter until, time for stocks as wit we do every 15 minutes, nicole petallides on the floor of the new york stock exchange. looking at some movers. nicole: i am indeed. research in motion up about 11% moving to new multi-year highs. the ceo talk about the fact they're exploring a couple of things could be open, the operating system, that could be one. a couple of othe
steve jobs under pixar. the avengers and now santa george luke is fatal "star wars" franchise. and look at robert iger's full seven-year reign. shareholder returns up almost 140% and his tenure at the top compared to 36% return for the s&p. ashley: i don't care if somebody makes the big bucks, they have to deliver and clearly he is delivering. i will increase stock price to 140% over the next seven years, whatever it is. dennis: 24% of his package is in stock. now we're getting...
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Jan 22, 2013
01/13
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., but for me at least, john, hearing steve ye wonder perform "superstition" live was on my bucket list so i'm not complaining about really get nothing sleep. >> we're so happy for you from the dance floor to the white house, brianna keilar this morning, great to see you. more news today -- >>> the senate is expected to approve a bill passed by the house last week that would send more than $50 billion in aid to states devastated by superstorm sandy. the senate passed a similar package last month but had to go over it because speaker boehner refused to put it up. it past last week with 49 republicans voting in favor of the measure. >>> how is this for a wake-up call a woman from st. george, utah, is lucky to be alive after a large boulder came crashing through her bedroom. this happened saturday morning. won da denthalter suffered a broken jaw, brokenster numb and leg injuries. she and her husband, who was not home at the time, are staying in the hotel. geologist warned them the cliff above their rented home appears to be unstable. nice work by the geologist. >> lucky for her, barely esc
., but for me at least, john, hearing steve ye wonder perform "superstition" live was on my bucket list so i'm not complaining about really get nothing sleep. >> we're so happy for you from the dance floor to the white house, brianna keilar this morning, great to see you. more news today -- >>> the senate is expected to approve a bill passed by the house last week that would send more than $50 billion in aid to states devastated by superstorm sandy. the senate passed a...